Denmark’s central bank lowered its interest rate after the ECB’s further stimulus decision

Noticias del mercado

22 enero 2015

Denmark’s central bank lowered its interest rate after the ECB’s further stimulus decision

Denmark's central bank cut the certificate of deposit rate to a record low of -0.35%, down from -0.2%. That was the second interest rate reduction in four days. The central bank wants to ward off further appreciation of the krone.

The cut came after the European Central Bank announced an asset purchases programme of 60 billion euros a month.

The central bank said that it has intervened before the cut.

The Danish krone is pegged to the euro.

Foreign exchange market. American session: the euro dropped against the U.S. dollar after the European Central Bank's press conference

U.S.: Crude Oil Inventories, January +10.1

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